Not many billionaires on the Right, so this will hit the left wing billionaires.
It sounds like such a small tax. is this a 2% per year tax?
Just in round numbers, and simple calculations, if you assess a 2% tax every year on wealth, over a 25 year period, aren’t you paying about 50% of the value of assets in tax? Which also gets into how if you own stocks or other investments, you may well be compelled to sell off assets to get the cash to pay the tax.
I wonder if they have thought this through.
Ugh, Squaw Grey Beaver no like-em big Chief too much wampum.
Sharpen tomahawk on stone......scalp-em big Chief buffalo skin wampum keeper.
Creeps like warren who got their wealth via fraud should be taxed at 100%.
How about anyone making less than $1mil not paying ANY tax and implementing the Warren tax scheme on anyone making over $1mil? This pussyfooting around is BS. The MiddleClass always takes it up the ass.
I hope she goes for it. Horrendous tax rate on assets, not income. Like the property tax on your house. Anyone or any corporation with >$50M in assets gets hit with XX% tax.
She and everyone who spoke up for it won’t survive the week. Remember what happened to Khashoggi? A slew of “unfortunate” and “inexplicable” accidents will occur.
Yeah, you go Girl. Ever hear of the term “unintended consequences”? You are about to get a personal education about that. You go after the money of billionaire globalists and you will find out.
Yep. It’s an unconstitutional taking. Plus the wealthy aren’t just going to sit there while the government takes their money. They will simply move to somewhere else with a more favorable tax climate.
I notice when she talks about rich people she always mentions those worth more than $10 million.. her purported net worth.
smelly beaver might want to check wi Paloser and Fineswine first...I consider it karma for all the DOW 30 lords of finance who supported the removal of Trump for Biden. Where were they fighting for conservatism?
According to Justice Roberts, if you call it a tax, you can do anything you want, including presumably a “wealth tax.” I mean who would have guessed, that the Constitution allows the government to coerce you into buying a product you neither want nor need, and to punish you for failure to obey.
Completely unconstitutional. The (then new) income tax required a constitutional amendment.
Not to mention impractical with a diminishing rate of return per year if you just take 2% of someone's wealth. "Wealth" is also not cash assets in many cases.
What’s this constitution thing everybody keeps mentioning./s/